SBI HOLDINGS COLLABORATES WITH CHAINLINK🔥🎯
SBI Holdings has announced a strategic partnership with Chainlink, a leader in blockchain oracle solutions, aimed at accelerating the adoption of digital assets among financial institutions, starting with the Japanese market. This collaboration is based on innovative use cases focused on the tokenization of real assets such as real estate, bonds, and regulated funds, as well as regulated stablecoins.
The synergy leverages Chainlink's Cross-Chain Interoperability Protocol (CCIP), enabling secure and compliant cross-chain transactions, in addition to enhancing compliance and privacy. SBI and Chainlink will also utilize tools like SmartData to bring net asset value (NAV) data on-chain, increasing transparency and liquidity in the secondary markets of tokenized funds. Furthermore, the partnership aims to utilize Chainlink's Proof of Reserve system for on-chain verification of reserves backing stablecoins.
Key objectives include facilitating cross-border payments and currency settlements with payment-versus-payment (PvP), paving the way for advanced and compliant financial transactions. With this collaboration, SBI Holdings aims to become a driving force for the widespread adoption of digital assets in Japan and the Asia-Pacific region, leveraging the combination of financial expertise and advanced technology from Chainlink.
